Posts by Mahesh Mara

Why Two-Day Loan Repayment Alone Doesn’t Prove a Bogus Entry – Delhi High Court Verdict Explained In a recent significant ruling involving the Income Tax Act, the Delhi High Court…

Political Donation Deduction Upheld by ITAT Due to Lack of Assessee-Specific Evidence: A Detailed Analysis The Income Tax Appellate Tribunal (ITAT), Raipur Bench, recently delivered a significant judgment in the…

GSTR-3B January 2026 Updates: Interest Calculation, ITC Utilisation & Filing Changes Explained From January 2026, the Goods and Services Tax (GST) filing landscape in India has seen meaningful changes in…

Understanding the Finance Bill 2026: A Simple Guide for Everyday Taxpayers The Finance Bill 2026 brings several important changes to India’s tax system, with a strong focus on transparency, compliance,…

Budget 2026 Speech: What It Means for Taxpayers, Businesses & Economy Hon’ble Speaker,On the sacred occasion of Magha Purnima and the birthanniversary of Guru Ravidas, I present the Budget for…

Top 50 highlights of Budget 2026 Below are the top 50 highlights of Budget 2026: The Income Tax Act, 2025 will come into effect from 1 April 2026 Simplified Income…

Liquor Traders Cash Deposits Taxed Twice? ITAT Deletes ₹3.19 Crore Additions on Unexplained Cash and Purchases In a significant judgment that brings clarity on the taxation of cash-intensive business transactions,…

ITAT Mumbai Quashes Section 69A Addition Where Presumptive Income Was Declared – Key Takeaways for Taxpayers Facts and Issues of the Case In the recent ITAT Mumbai decision Priti Suresh…

Presumptive Taxation in India: How the Income-tax Act 2025 Changes the 1961 Regime Presumptive taxation has long been a relief mechanism in India’s income tax law, allowing small businesses and…

Delhi High Court Rules: Employee Entitled to TDS Credit Even If Employer Fails to Deposit Tax – Full Legal Breakdown Facts and Issue of the Case In a significant decision…